Pound given a Boost as Traders expect 4th Quarter Growth

Will the United Kingdom be given the official thumbs up later today?  Could it, will it really be true that the economy left the recession in the fourth quarter?

Economists, analysts, experts and the rest are all expecting a level of growth that is enough to say that the exit took place.  Over on the foreign exchange market, the pound has already gained on the expectations in this morning’s early trading activity.

It is unlikely that the forecasts are wrong, but still – there is an air of nervousness as to what the number will be.  If growth is weaker than expected then the pound is likely to retreat back down.

So: fingers crossed, ears sharpened and eyes peeled…..

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